This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the preparation of chiral molecules, particularly in the synthesis of enantiomerically pure compounds. Its application is significant in the development of drugs targeting the central nervous system, as it is structurally related to alkaloids that exhibit neurological activity. Additionally, it is employed in asymmetric synthesis to produce optically active substances, which are crucial for creating medications with higher efficacy and fewer side effects. Researchers also use it to study receptor interactions and enzyme mechanisms, aiding in the discovery of novel therapeutic agents.